Latest Swiss Re Headlines

Best Withdraws GE Re Ratings

Jan 18 2007 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” and assigned an NR-5 (Not Formally Followed) to GE Reinsurance...

RMS Purchases HailCalc Europe

Jan 9 2007 // Newark Calif.-based Risk Management Solutions, a leading provider of products and services for the management of natural hazard risk, announced the acquisition of HailCalc Europe, which it described as “the first...

Swiss Re Employees Could Get Over $4000 Each for Less CO2

Jan 4 2007 // Swiss Re announced that it’s offering a rebate of up to CHF 5000 ($4058) to each of its employees who commit to reducing “her or his personal carbon footprint.” Swiss Re said: “The ‘COyou2...

2006: a big year for P&C buyers and sellers of all shapes and sizes

Dec 25 2006 // JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark...

2006:a big year for P&C buyers and sellers of all shapes and sizes

Dec 24 2006 // JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...

2006 Catastrophes Cost World’s Insurers $15 Billion, Lightest Hit in Years, Swiss Re Estimates

Dec 20 2006 //

Swiss Re Releases New <em>sigma</em> Study on Securitization

Dec 14 2006 // Swiss Re’s new sigma study – Securitizations,” also called “insurance linked securities (ILS),” notes that they “provide insurers with a financing vehicle and a means of transferring...

Swiss Re Buys 26% Stake in Indian Health Care Provider

Dec 12 2006 // Swiss Re has signed an agreement with TTK Group and India Value Funds Advisors (IVF) to purchase a 26 percent stake in TTK Healthcare Services Pvt Ltd (TTKHCS), one of India’s leading health insurance third party...

Swiss Re’s Economic Forum Focuses on Emerging Markets, Industry Outlook

Dec 6 2006 // Swiss Re’s recent Economic Forum noted the strong opportunities for insurance protection in emerging markets and a solid outlook for the insurance industry in 2007. The Forum, which began in London on Dec. 5,...

Swiss Re Advisors See Big Demand for Energy Risk Underwriting

Nov 29 2006 // Major global political and business leaders say energy issues are high on their agenda and that the demands and risk transfer needs of this sector pose challenges and opportunities for insurers and reinsurers. At Swiss...

Interstate, Swiss Re Expand Trucking Program into Virginia, Indiana

Nov 15 2006 // Interstate Insurance Management (IIM) and Swiss Re’s Commercial Insurance are expannding their insurance program for the trucking industry into Virginia and Indiana. The program, which has been in operation since...

Swiss Re Places AXA’s Osiris Mortality Securitization Program

Nov 14 2006 // Swiss Re announced the successful placement of $442 million of securities covering catastrophic mortality experience in France, Japan and the United States for the benefit of AXA Cessions. Swiss Re said it “arranged...

Federal appeals court upholds juries’ rulings in World Trade Center twin tower claims

Nov 6 2006 // A federal court has upheld the jury verdicts that recognized the two-plane terrorist attacks on the towers at the World Trade Center on Sept. 11, 2001, as a single event for some insurers and two events for others. A...

Federal appeals court upholds juries’ rulings in World Trade Center twin tower claims

Nov 5 2006 // A federal court has upheld the jury verdicts that recognized the two-plane terrorist attacks on the towers at the World Trade Center on Sept. 11, 2001, as a single event for some insurers and two events for others. A...

Oct 23 2006 // People The Main Street America Group has named Bonny Parker vice president for personal lines. She will be based at corporate headquarters in Jacksonville, Fla., and report to Bill Anderson, senior vice president,...

Oct 23 2006 // People Pat Arthur, a partner in the Dallas insurance and risk management firm McQueary, Henry, Bowles, Troy, has been appointed president-elect of the Independent Insurance Agents of Dallas. He will be responsible for...

People

Oct 23 2006 // The Society of Chartered Property Casualty Underwriters elected new officers and governors. They are: President Betsey L. Brewer, senior vice president of The Rule Co. in Pasadena, Calif. President-Elect James L. Britt,...

Court Upholds Juries’ Rulings in World Trade Center Claims

Oct 19 2006 // A federal court has upheld the jury verdicts that recognized the two-plane terrorist attacks on the towers at the World Trade Center on Sept. 11, 2001 as a single event for some insurers and two events for others. A...

Swiss Re Applauds WTC Appeal Ruling

Oct 19 2006 // Swiss Re duly applauded the decision by the United States Court of Appeals for the Second Circuit upholding the jury verdict in favor of Swiss Re in the case of SR International Business Insurance Company Ltd. versus World...

Swiss Re Appoints Ferguson Financial Services Head, Executive Committee

Oct 4 2006 // Swiss Re has announced the appointment of Roger W. Ferguson, Jr., as Head of Financial Services and a Member of Swiss Re’s Executive Committee, effective immediately.. Ferguson joined Swiss Re from the U.S. Federal...